On 5/14/24, Kewaunee Scientific Corp (NASDAQ: KEQU) stock enjoyed a major increase of 10.8%, closing at $42.00. Moreover, this advance was accompanied by exceptionally high trading volume at 387% of normal. The stock has been exceptionally strong relative to the market over the last nine months and has risen 18.6% during the last week.
Current PriceTarget Research Rating
KEQU’s future returns on capital are forecasted to be in line with the cost of capital. Accordingly, the company is expected to be Value Creation neutral.
Kewaunee Scientific has a current Value Trend Rating of C (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Kewaunee Scientific has a very low Appreciation Score of 8 but a very high Power Rating of 91, producing the Neutral Value Trend Rating.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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